Payment Basis definition

Payment Basis means the Payment Amount payable in respect of the Notional Amount under the Cap-It Certificate. If the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is not greater than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be zero. However, if the level ofthe Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is higher than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be the sum of the level of the Benchmark Interest Rate for the Calculation Period less the Cap Rate then multiplied by (i) the Notional Amount, and (ii) the sum of the number of calendar days in the Calculation Period divided by 365. When expressed as a mathematical formula, the Payment Basis is calculated as follows: Terms:P = Payment Amount payable N = Notional AmountR = the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage
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Payment Basis. [Bullet Redemption] [Scheduled Amortisation] [Pass-through] [Not Applicable]
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Payment Basis. [Redemption at par] [Instalment] [Hard Bullet Covered Bonds] [[●] per cent. of the nominal value] 13. Change of Interest Basis or Redemption/Payment Basis: [●]/[in accordance with paragraphs 17 and 18 below] 14. Put/Call Options: [Investor Put] [Issuer Call] [Not Applicable] 0090662-0000130 ICM:32418081.9 56 (a) Status of the Covered Bonds: Senior (b) Date [Board] approval for issuance of Covered Bonds obtained: [●]
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Examples of Payment Basis in a sentence

  • Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables.

  • Unit Cost Payment Basis: If unit costs by year are included, unit costs billed should correspond to the fiscal or calendar year, if applicable, in which the work was done.

  • Lump Sum Payment Basis - Invoice by deliverable, according to the XXX.

  • Cost Plus Fixed Fee Payment Basis: Rates, within the ranges indicated, will be agreed upon for use in calculating the maximum amount not to exceed.

  • The Payment Basis is the process of capturing subcontract dollars no sooner than the time a contractor pays the subcontractor’s invoices.

  • This Payment Basis reporting method must be used for the entire contract term.

  • Payments of the fixed remuneration shall be made on a 'Milestone Payment Basis' and the following Clauses 26 and 27 shall be substituted for Clauses 26-27 inclusive, of Section 2.

  • This Note may be an Instalment Note, an Equity Linked Note, an Index Linked Note, a Fund Linked Note, a Multi Underlying Linked Note, an Inflation Linked Note or a combination of any of the foregoing, depending upon the Redemption/ Payment Basis shown in the applicable Pricing Supplement.

  • If Reset Reference Rate Conversion is specified in the applicable Final Terms as being applicable, the First Reset Rate and, if applicable, each Subsequent Reset Rate will be converted from the Original Reset Reference Rate Payment Basis to a basis which matches the per annum frequency of Interest Payment Dates in respect of the Notes (such calculation to be determined by the Issuer in conjunction with a leading financial institution selected by it).

  • Payment: Basis of payment shall be per Linear Foot along center line of mainline sewer pipe cleaned.


More Definitions of Payment Basis

Payment Basis. Not Applicable [unless otherwise specified in the applicable prospectus supplement]
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Payment Basis means the basis of payment chosen such as fixed fee, hourly rate or contingency as set out in the Order Acceptance Form or as agreed in writing between the parties.
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Payment Basis. [Redemption at par] [Index Linked Redemption] [Bullet Redemption] [Scheduled Redemption] [Controlled Amortisation] [Pass-through]
Sample 1

Related to Payment Basis

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Reset Price means the price of the relevant Underlying Reference determined by the Calculation Agent by reference to the price obtained by unwinding any underlying related hedging arrangements in respect of the relevant Security during the Unwinding Time Period immediately following the relevant Reset Event Determination Time ;

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Payment Rate means the rate of compensation at which the Insured is indemnified, as determined by AFSC.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Payment Amount as defined in Section 3.5.

  • Event Determination Date means either:

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).